Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/159281
Authors: 
Lambertini, Luca
Cellini, Roberto
Year of Publication: 
2002
Series/Report no.: 
Quaderni - Working Paper DSE 440
Abstract: 
We investigate a dynamic oligopoly game where goods are differentiated and prices are sticky. We study the open-loop Nash equilibrium, and show that the latter equilibrium entails a larger level of steady state production as compared to the former; both equilibria entail a larger level of production in steady state than in static game. We also study the effects of price stickiness and product differentiation upon the steady state equilibrium allocation. We find that per-firm equilibrium output is increasing in both product differentiation and price stickmess.
Persistent Identifier of the first edition: 
Creative Commons License: 
https://creativecommons.org/licenses/by-nc/3.0/
Document Type: 
Working Paper

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